Why quality management is more than just compliance
Author: ICAEW Insights
With ISQM 1’s deadline on the horizon, firms are starting to think about how to comply. But it can be more than a compliance exercise.
It’s never pleasant to think that your practice needs to comply with a new set of standards. ISQM 1 is no exception....
2022-07-06 - 02:16
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The latest publications from Accountancy Europe
Accountancy Europe has issued a new series of publications on:
non-audit services
mandatory auditors’ rotation
public interest entities’ definitions
audit oversight
They highlight how different the regimes in all these areas are in 30 European countries, following the...
2022-07-01 - 03:09
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Are You Ready for the IAASB’s New Quality Management Standards?
In late 2020, the International Auditing and Assurance Standards Board (IAASB) issued three new and revised quality management standards. The standards strengthen and modernize how a firm of any size or level of complexity approaches quality management.
They address the evolving and...
2022-06-30 - 05:13
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NEW IFAC DIGITAL PLATFORM ASSISTS PUBLIC SECTOR TRANSITION FROM CASH TO ACCRUAL ACCOUNTING: PATHWAYS TO ACCRUAL
Pathways to Accrual provides resources to implement the whole system approach to quality Public Financial Management (PFM) necessary to transition from cash to accrual with maximum benefit
To contribute to and promote the development, adoption, and implementation of high-quality...
2022-03-01 - 08:02
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Time for Action on Sustainability: Next Steps for the Accountancy Profession
With the establishment of the International Sustainability Standards Board, the way forward is clear: The accountancy profession must lead on climate reporting and other material environmental, social and governance disclosures and their assurance—contributing to strong and sustainable...
2022-02-28 - 09:01
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NEW IMPLEMENTATION GUIDE AVAILABLE FOR QUALITY MANAGEMENT FOR AUDITS OF FINANCIAL STATEMENTS
The International Auditing and Assurance Standards Board (IAASB) today released First-time Implementation Guide for ISA 220, Quality Management for an Audit of Financial Statements. The guide will help stakeholders understand the standard and properly implement its requirements as...
2022-02-22 - 04:49
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Planning ahead for the new quality management standards
Published by: ICAEW
The Financial Reporting Council has published two new Quality Management standards and a revised ISA 220. Louise Sharp, Manager at ICAEW’s Audit and Assurance Faculty, looks at steps that firms can take now to help with implementation.
As with the...
2021-09-18 - 10:24
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Professional Accountants: Now is the Time to Embrace our Role as Agents of Change
Professional accountants have always needed to have a deep knowledge of existing professional and ethical standards and regulatory frameworks, as well as regularly updating and developing their skillset to meet the dynamic changes of the market and transformations worldwide.
The need is now...
2021-09-10 - 01:00
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NEW PUBLICATION FROM CPA CANADA, ICAS AND IFAC EXPLORES ETHICS IN AN ERA OF COMPLEXITY AND DIGITAL CHANGE
As the world becomes more complex, maintaining ethical standards becomes both more challenging and increasingly important. To help guide financial professionals, the Chartered Professional Accountants of Canada (CPA Canada), the Institute of Chartered Accountants of Scotland (ICAS), and the...
2021-09-02 - 12:25
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